Our review

Woolworths wants to make sure the loyalty of their customers is rusted on, by offering them a low-cost credit card with lots of useful benefits, especially if they use it to buy Woolworths-branded products at Woolworths group stores. It’s called the Woolworths Everyday Platinum Credit Card. It sounds like a good deal for both parties, but it warrants investigating a little more closely, to make sure you are getting the value you expected.

Low annual fee

There’s no denying the annual fee – $0 for the first year and $49 thereafter – is good value when compared with many other cards. There’s a $9 charge per additional cardholder, again $0 in the first year.

Long interest-free balance transfer period

Fourteen months at 0% (reverting to the cash advance rate of 21.99% thereafter) is not as long as that being offered by a few other cards (up to 24 months) but it does top the six months obtainable with Coles credit cards. So it probably achieves its purpose of tempting Coles customers to transfer not only their balance but their shopping habits as well.

The ongoing interest rate for purchases is 19.99% (identical to Coles), with an interest-free period of up to 55 days.

Rigid rewards scheme

Make no mistake: the purpose of this rewards scheme is to make you shop at Woollies. You earn more points (Woolworths Shopping Card Rewards) by shopping at Woolworths group retailers and buying Woolworths branded products, and you can redeem your points for – wait for it – shopping cards to spend at Woolworths group retailers only.

Here’s how it works:

1 point per $1 for purchases from retailers not in the Woolworths group

2 points per $1 for purchases from retailers in the Woolworths group, including online

3 points per $1 for buying Woolworths or Woolworths Select (i.e. their own brand) products in store at Woolworths, Big W and BWS

Most regular Woolworths shoppers will be aware that they can already earn Woolworths rewards points on their supermarket, BWS and Woolworths Caltex purchases, whichever payment method or card they use. So by using your Woolworths credit card you’ll earn points twice on each purchase at those Woolworths group retailers: once with your Woolworths Rewards card and once with your Woolworths credit card.

For added convenience, your Woolworths credit card doubles as your Woolworths Rewards card, with your Woolworths Rewards membership barcode printed on the back of your credit card. You will need to remember to scan your membership barcode before you complete your purchase by paying with your credit card.

Calculating the value of the rewards points

Woolworths will convert your points into shopping cards once every four months at the rate of $20 per 4,000 points.

So, supposing you used your card exclusively at Woolworths group stores, you’d need to spend $2,000 to get 4,000 points redeemable for a $20 discount, an effective loyalty discount of 1%. Most cardholders are likely to have a mixture of 1, 2 and (probably minimal) 3-point spending, resulting in an effective discount of a lot less than 1%.

There’s no monthly points earning cap with this card, so every dollar you spend on eligible purchases will earn points.

Convert Woolworths Rewards points to Qantas Frequent Flyer points

As a Woolworths Rewards member, you’ll be given the option to automatically convert your Woolworths Rewards points to Qantas Frequent Flyer points every three months. The current conversion rate is 2,000 Woolworths points = 870 QFF points.

$50 Woolworths eGift card currently on offer

For a limited time you can qualify for a $50 gift card to spend at Woolworths, the equivalent of first-purchase bonus points available with other types of rewards cards. The pleasing difference is that there’s no spending target to be met. Just apply for your new card before 31st January 2018 and make an eligible purchase of any amount with your card (even at Coles) by 28th February 2018.

Other cardholder benefits

The rather uninspiring value of Woolworths Rewards points is fortunately offset by a long list of other benefits available to cardholders:

10% discount off your first shop once every month, on selected weekend dates advised to cardholders by email. (Maximum purchase amount $500.)

Once again, some of these benefits are linked to Woolworths group companies, but there’s no denying there are substantial savings to be made if you direct your spending their way.

Competing cards

Wherever Woolworths goes, Coles will follow, and vice versa. If you’re a Coles regular you’re more likely to be interested in the Coles Rewards MasterCard (2.0 flybuys points per $1 spent). Since 2,000 flybuys ($1,000 spent) will get you $10 discount off your Coles shopping, this is more or less the same discount rate as Woolworths are offering. But the main difference is that the Coles card gives you 2.0 flybuys points per dollar wherever you shop, not just at Coles group companies. However, the annual fee for the Coles card is $99, more than twice as much as the ongoing fee for the Woolworths card.

A card best for…

There’s no doubt that the Woolworths Everyday Platinum Credit Card is going to appeal to people who already do most of their grocery shopping at Woolworths, Big W, BWS and Dan Murphy’s, collecting Woolworths or Qantas points and in some cases Caltex fuel discount vouchers. The credit card even doubles as a Woolworths Rewards card, meaning there’s one less card to carry in your wallet. But are there enough benefits to seduce Coles diehards? Only they can decide.

User reviews

3.6 out of 5.0 based on 27 reviews89% of reviewers would recommend this card

Rates and fees

Rewards

Customer service

Convenience

Trust

Reviews from users

Handy gift card rewards

Reviewed and recommended by Helena on 22 Sep 2016

This card has a low annual fee which is not great, but it gives three times yearly gift card rewards, which are really handy.

It would be nice to have the option to make my monthly payment by cheque at the supermarket, but they will not accept it as a form of payment.

Great all-in one-Woolworths money and rewards card

Reviewed and recommended by N on 20 Jul 2016

The Woolworths Money Rewards credit card is a great combination card for your weekly payment for groceries, petrol and bills. I like the convenience of having an all-in-one card for the petrol discount, rewards points for Woolworths, and automatic cash back/voucher sent to you when you have reached the rewards points target.

Ok if you never need to change anything.

Reviewed and recommended by Chris on 08 Aug 2013

Overall this credit card is alright. I found the fees to be high, however the rewards are good if you use it consistently. This shouldn’t be too hard to do either, with Woolworths having such a huge presence, you will find ample opportunity to reward points. The main issue i had was in regards to customer service should you ever need to reschedule a payment. Everyone hopes they will not have to, though when you do you hope that the provider will be reasonable. I was able to reschedule the payment, although I found the customer representative to be very pushy. Despite the fact that I had given ample notice of that the payment would be slightly delayed, I still incurred the late payment fee. This is something that i have not had trouble with when dealing with other providers. I also found it frustrating that they followed up my call with another asking a further 20 questions as to the reasons for the delay, this had already been discussed. The representative was again very pushy.

Money saver, great app

Reviewed and recommended by Rosie on 16 Sep 2016

This card had a really good interest-free balance transfer offer. It was easy to apply for and I received the card quickly once approved. The staff are always helpful and polite when I ring to sort out any concerns I have.

There is an app available that allows easy access to current balance and allows viewing of spending, latest payments and statements.

Easy to use

Reviewed and recommended by Nicole Skehan on 17 Jul 2015

It’s good how the card has the Everyday Rewards barcode on it. This makes it a lot easier to use. I haven’t had it for long, so it will be interesting to see if the barcode will wear of like it did on the rewards cards.

I like the Woolworths rewards card being sent quarterly as I use this as a food shop. This gives the weekly shop money to buy something we require, pay a bill, or just treat the family. This package doesn’t include an oversea exchange rate, which can be a pain with online shopping.

I have just changed to online accounts instead of paper. Now that I’m getting use to it, it seems easy enough to use and people friendly. I used the phone help line to get started. The lady who help me in the beginning was friendly and helpful.

OK for getting rewards

Reviewed and recommended by Paul Mac on 19 Jun 2015

I don’t mind this card. I use it mainly to get the Everyday Rewards, which convert into Qantas points. My thoughts are I am gong to use it anyway, so I might as well get something on the backend. I pay it down every month so get the 55 days interest free, but still don’t like the annual fee.

May change to a Coles MasterCard as this gets you flybuys and has no annual fee. Total 3 out of 5 overall for me.

Excellent rewards add up to more than the fee

Reviewed and recommended by J on 21 Sep 2016

I have four other credit cards but this is my favourite one to use. Although there is a fee, because we do most of our shopping at Woollies the rewards gift cards we get in return for using the card add up to much more than the annual fee. Highly recommended.

Easy approval process

Reviewed and recommended by tabatha on 20 Sep 2016

This credit card has helped me out with bills so many times. It was easy to set up and i was approved for this card when i had been knocked back by other credit card companies. I have now had this card for five years and don’t need any other cards.

Reasonably satisfied

Reviewed and recommended by Charlie K on 31 Mar 2014

I am satisfied generally with the level of service I shy away from conventional credit cards because my credit rating has slipped a little i like the use of credit cards a nd the means to know that transactions will go through i have purchased woolworths credit card and have found them to be reliable

Savings and rewards are a big help

Reviewed and recommended by Julie on 02 Aug 2016

When using my card know I have secure spending and I get great rewards for using my card shopping at Woolworths. I am a little more than happy to see my card is getting value while i have a peace of mind. Online my card is protected, allowing me to shop at sites and have PayPal to help prevent fraud.

Show 17 more reviews

Convenient, easy to use

Reviewed and recommended by Steve on 20 Sep 2016

All rewards and offers from Woolworths are applied to the card, as are petrol vouchers. So there’s no need to carry around scraps of paper receipts, as I have to do with my Coles card.

I used it overseas without problems and it was accepted throughout every country in Europe we visited.

There is an annual fee, however the rewards for using the card easily outweigh the annual cost for us. Highly recommended.

Overseas call centre

Reviewed and recommended by Cabsavie on 03 Apr 2014

There are so many overseas call centres and who knows if they are for real or not. When you get calls from people who can’t say your name I believe a high degree of caution and suspicion is warranted…. these callers will keep going regardless of being told that you will not provide personal details to them. Serious security concerns in my opinion. I regret having this card and am in the process of closing this account.

Good rewards and sign-up bonus

Reviewed and recommended by Steve on 21 Aug 2016

Great if you use and pay off regularly, as it offers great points. Use it every day for your shopping fuel, etc, then pay off each month to maximise your points reward, There are good sign-up bonuses as well.

I recommend it for easy application — apply at your supermarket.

Interest rates are not the best. If after a low rate, look elsewhere for a better bargain

Poor rewards, high fees

Reviewed and not recommended by Sarah on 27 Jul 2016

I have a Woolworths credit card I have been trying to pay off for three years. They rope you in with high fees, poor response times to queries and false ideas about “reward points”. This essentially means that if you buy groceries on your Woolworths credit card, you will earn points that will be posted to you twice a year (after the customer rings five times because the card never arrives on time, if at all if you don’t chase them for it). You have to spend 10 times the dollar amount to receive points per transaction. Which I worked out means you essentially pay for your groceries on a Woolworths credit card, then pay interest each month. Plus there are extraordinary account fees and they will send you a $10-$20 'voucher” for spending triple that amount in the first place. My advice? PAY CASH!

Great rewards

Reviewed and recommended by Barbara on 24 Jun 2016

Applying for the card was easy. It has a great rewards program—either money off your shopping or they send you out a gift card. I hardly have to speak to customer service. The only downside is that if you are 1 day late with payments, you are charged a big overdue payment fee.

Difficult to use online banking, generally OK

Reviewed and recommended by Catherine on 28 Sep 2013

Would prefer a credit card that has access with local/bank access for discussion on product and difficulties. Hard to use online for Internet banking to look up account details. Generally OK with card, but at present the rates are a little high and will be looking to change when paid out.

Great little card

Reviewed and recommended by Fibs on 18 Aug 2013

Shopping with Woolworths is a breeze with the Everyday Money card. Points are accumulated and are joined with the Qantas Frequent Flyer program. Every quarter I receive a gift card using my points. Filling petrol is also a breeze, just use the touch pads are the petrol pump and away you go, the fuel disc is automatically loaded. Easy!

Good rewards if you shop at Woolworths

Reviewed and recommended by Anthony on 14 Jul 2016

Its not a bad card and the rewards are good if you use Woolworths. The rewards are that you effectively get 1% off at Woolworths (including Big W) and a further 0.5% on certain products. Non-Woolworths purchases get 0.5% discount.

This card is only an option if you will pay off your balance in full every month. The penalties for non-payment and incomplete payment are severe.

Great value and more secure than cash

Reviewed and recommended by Tom on 09 Sep 2014

I got this card initially for myself travelling overseas and buying online. Cannot complain. You will need to follow the regular procedure of proving identification, but you can do this at most Woolies stores and reload the card with cash in store or online. This card is really good and is great with PayPass.

Good rewards with gift cards

Reviewed and recommended by Susan on 13 Jul 2016

The rewards program with this card is very simple. Earn points and they automatically send you a gift card every four months to use in Woolworths stores. The fees are ordinary but much better than many rewards cards. We use this card because it gives us more in rewards than I pay in fees. Online banking is a bit clunky, but the phone app is pretty good. We haven’t had much to do with customer service.

Woolworths everyday money

Reviewed and recommended by Helena on 03 Jul 2016

I have this card because it came with an interest-free period. I do really like the Woolworths gift cards that are mailed out 3 times a year with the amount based on a percentage of your total spend.

I am not happy with the $49 annual fee, though, as it seems excessive for a card with no added benefits like travel insurance, etc. I think I will keep it because of the simplicity of the rewards.

Good for Woolies customers

Reviewed and recommended by Shane on 04 Dec 2016

If your weekly spend is mostly at Woolworths companies, then this card is worthwhile. There’s a good website and the mobile app is very good and can track egiftcard balances, which you can easily buy at 5%+ discount through cashback sites. So all in all, for a $49 annual fee it is quite rewarding for relatively low spending people.

Easy-to-use rewards program and app

Reviewed and recommended by Laura on 26 Nov 2016

I have had the Woolies credit card for several years now. It has easy rewards — they just send a voucher out every four months. I can pay at any Woolies or pay via BPAY, but there are no points on using this card’s BPAY facility :(.

The actual card is black with green rim, so easy to find in my purse. It has an easy-to-use Android app and you can also use it for all Woolies group gift cards too.

I always pay off my balance so I have never experienced interest. I know it is high, around 24%. I also opted for the repayment protection insurance. My last balance was $1600 and the insurance premium around $9. The annual fee is $55. Overall, I’m happy with the card.

Dodgy

Reviewed and not recommended by Raegan on 05 Jul 2016

The only reason I got this credit card was to receive the vouchers to spend on groceries. After having the card for over 6 months and being sent emails to say my gift cards were on the way, I have still not received one. Every time I ring they tell me I should be receiving them, but I can’t understand why I haven’t been. Hopefully, I will receive a voucher/gift card and will then cancel the credit card ASAP—it’s not worth it.

No real benefit

Reviewed and not recommended by Tabatha on 01 Jul 2016

This card used to have a good rewards program, but it changed last year. Now I receive a very small reward, i.e. $20 every three months if I reach a certain amount of points—not worth it. I don’t see any other benefits, so would change to any other card with a rewards program. I’m not really aware of the interest rate, but i don’t think it’s comparable.

Lots of cash rewards makes a happy customer

Reviewed and recommended by Anne on 01 Jul 2016

I really enjoy receiving my gift card every four months with lots of money accrued on it. Getting cash is much better than other rewards.

It is simple to understand: 1 point for every purchase, 2 points as Woolworths stores, 3 points for select products. Having my loyalty card on the back of the credit card is also brilliant—I only need to bring out one card instead of 2.

Their website is a little clunky. I would appreciate people not trying to second guess what I am spending. Also, I would like statements to be set out in chronological date order, which does not always happen. However, overall, this is a great card.

Great rewards points and easy to use

Reviewed and recommended by Nadeem Uddin on 21 Aug 2013

I think I chose this card mainly for its great reward system and is better then any other card in that regards. You get to spend money and get points you can use to travel, what more can one ask from a company:) great job guys. However though i was a little disappointed with how long the card took to get to me… almost a month which is relatively long compared to any other bank.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Additional benefits

Benefits

This card comes with benefits worth an estimated $190

Entertainment

Estimated value

Free wine at restaurants or discounts at restaurants

Cardholders are enrolled into Woolworths DinePlayStay, which gives discount on hotel rack rates. Assumes 20% discount ($25 max.) from a long list of partner restaurants based on 6 visits per year and spending $125+ each time.

$150

Shopping

Purchase protection

Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.

$40

Total estimated value

$190

Annual fee

$0

Net customer value

$190

Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old

You are a resident or citizen of Australia

Earn a regular income of more than $30,000 per year

Have a good credit history

You have your personal details ready to complete the online application

Have not applied for multiple credit cards recently

Joint applications are not allowed

Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.